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Popeyes | Opening May 2025 3390 Cleveland Ave 2,510 SF Retail Building Columbus, OH 43224 $2,783,000 ($1,108.76/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- New 15 Year Lease | Scheduled Rental Increases | Franchisee Guaranteed | Well-Known & Established Brand
- Signalized, Hard Corner Intersection | Dual Drive-Thru | Excellent Visibility & Access | Brand New Construction
- Strong Demographics In 5-Mile Trade Area | Columbus OH
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- JPMorgan Chase Regional HQ | May 2025 Completion/Opening |Easton Town Center (30M+ Annual Visitors)
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding,
dual drive-thru equipped, Popeyes investment property located in Columbus, OH. The tenant will sign a 15-year lease with 5 (5-year) options upon close of escrow, demonstrating their long-term commitment to the site. The lease features 1.50% annual rental increases throughout the initial term and options, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. The property is now open and operating. The franchisee was recently named by Inspire as Dunkin’ Franchisee of the Year.
dual drive-thru equipped, Popeyes investment property located in Columbus, OH. The tenant will sign a 15-year lease with 5 (5-year) options upon close of escrow, demonstrating their long-term commitment to the site. The lease features 1.50% annual rental increases throughout the initial term and options, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. The property is now open and operating. The franchisee was recently named by Inspire as Dunkin’ Franchisee of the Year.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,510 SF
Building Class
B
Year Built
1987
Price
$2,783,000
Price Per SF
$1,108.76
Cap Rate
5.75%
NOI
$160,023
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.78 AC
Opportunity Zone
Yes
Zoning
CPD - Commercial Planned Development District
Parking
30 Spaces (11.95 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 010-208510 | Improvements Assessment | $137,340 |
| Land Assessment | $94,540 | Total Assessment | $231,880 |
PROPERTY TAXES
Parcel Number
010-208510
Land Assessment
$94,540
Improvements Assessment
$137,340
Total Assessment
$231,880
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Popeyes | Opening May 2025 | 3390 Cleveland Ave
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